Western sanctions after Iran's oil exports, according to the latest release of the report of a British institutions, almost all flows to four Asian countries, namely China, South Korea, Japan, India and China to buy accounts for half of Iran's exports.
"Now, almost all of Iran's oil exports goes to China, Korea, Japan and India." Report released by the British "Economist" Ministry of Information said. But it also adds a sharp drop in the purchase of the four countries in 2012, Iran's total oil over the same period.
Europe and the United States imposed economic sanctions against Iran, Iran's total oil exports has halved. Oil exports accounted for 80 percent of Iran's total exports amount is 50-60% of the government financial sources. Therefore, many western buyers to stop dealing with Iran because of economic sanctions and Iran's dependence on Asian customers has increased considerably. Especially China, it has become a major trading partner of Iran. While in the first 11 months of 2012, China's total oil purchases from Iran fell 23%, but it has become a buyer of Iran, 50 percent of oil exports.
The report also said that, although South Korea, Japan, India and the three countries is now a major importer of Iranian oil, but they absolutely acquired compared to 2011 declined sharply. India in August 2012, imports fell 17% in the first 11 months of imports in South Korea and Japan fell by 40%, and plans to further decline in 2013.
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